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Share Name | Share Symbol | Market | Stock Type |
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Nikanor | NKR | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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410.50 | 410.50 |
Top Posts |
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Posted at 30/11/2007 16:53 by greendalef Hi Irvin,Many thanks for the feedback. I have not been in touch with the company but I can offer you a research report from Jennings Capital: Also as I am sure you are aware. Kat have started the Luita plant, hot commissioning should be any time now. On the merger, NKR are tracking KAT so not much chance of arb'ing them. I will be interested to know if they intend listing on LSE at the same time as the merger.I have ISA's with both selftrade and TD Waterhouse. KAT is off limits with selftrade as they do not settle through crest (not a problem with my TD Waterhouse account). I am assuming the will simultaneously list but I will contact IR in near future to confirm. |
Posted at 07/11/2007 15:01 by rvsy38 Hi Jerry,Yes the merger makes sense - it is a complicated web expecially wth Dan Gertler having substantial stakes in both NKR and KAT. I share your enthusiasm and am delighted for the reasons given in my earlier message. I wondered how you arrived at $2.6 bn for 40 kt cobalt - could you please clarify. You also say that they may need to raise US$ 1 bn for completion of the projects - I don't think we can be sure of that until a new mine plan, production build up and financial model has been prepared. Not that they would have diffiuclty raising the money via debt finance - IMO. I agree with your remark that they may be being prettied up for sale - have you noticed that Johnathan Leslie seems to have dissappeared from the picture as he is not on the board of the new company. IMO he was the one real industry heavy weight in NKR's organisation. In fact apart from Jim Gorman ( NKR's Project Manager) there seems to me a distinct lack on all sides of people capable of managing a copper/cobalt operation of the scale envisaged. Which all the more makes me think in terms of a sale to .. BLT, Xstrata ? Do you have any views on likely candidates and the timing ? You asked about NKR's progress - from what is in NKR's Interim report the project seems to be on track although I would like to hear more about progress on dewatering of the pit. The only little dissappointment is that the revenue from the Tilwezembe operation has built up slower than planned. NKR hoped to be producing around 8000 tonnes of copper/cobalt concentrate per month from the Kolwezi concentrator but so far were well short of the target ( the conc is worth US$ 2000 per tonne ; at 8000 t/month this amounts to a nice little earner ahead of the main project!). The interim report cited lack of bagging capacity and logistical problems. Regards Irvin |
Posted at 07/1/2007 18:52 by flips I presume the NKR share price is suffering along with the dip in copper. I am unable to see any reference to other ores/metals in which the company has an interest which might see them through a period of weak copper prices, but maybe I've missed something. Cobalt is unlikely to prove a major support, as it seems to have a limited market - in comparison with copper, that is. |
Posted at 13/11/2006 10:24 by 2elk I too am amazed that there is not a whole load of interest in this. Volatile stock - well sure, with less than 30% free float. But huge potential upside, on the copper alone at 250,000 Te p.a. potential output by 2009 at $6k/Te would equate to revenue potential of $1.5Bn p.a. Have a look at www.nikanor.co.uk/do The key here is political risk and can NKR keep hold of the licenses as Democratic Republic of Congo emerge from elections, but so far so good... |
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